What's your opinion .. on Medicare and Social Security?

Does investment income spend differently than wages and salary? No. What the plan does is add one HUGE loophole: subsidizing those who have excess income to invest. It makes their investment income and further wealth accumulation tax free.

Meanwhile, those who live paycheck to paycheck pay the "Fair" tax on everything they buy. Which of course means everything they earn.

Gee, who comes out better? Joe Doaks or Gary Forsee? If you need 2 guesses, you're as gullible as Grinch.

Beauty is skin deep but DUMBTH is clear to the bone

At first glance it looks 'out there', but if you take the time to read it, it makes one heckuva lot of sense, and switching to it will comfortably fund both SS and Medicare ...

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes ...

excerpt from that site:

The FairTax plan is a comprehensive proposal that replaces all federal income and payroll based taxes with an integrated approach including a progressive national retail sales tax, a prebate to ensure no American pays federal taxes on spending up to the poverty level, dollar-for-dollar federal revenue neutrality, and, through companion legislation, the repeal of the 16th Amendment.

The FairTax Act (HR 25, S 1025) is nonpartisan legislation. It abolishes all federal personal and corporate income taxes, gift, estate, capital gains, alternative minimum, Social Security, Medicare, and self-employment taxes and replaces them with one simple, visible, federal retail sales tax administered primarily by existing state sales tax authorities.

The FairTax taxes us only on what we choose to spend on new goods or services, not on what we earn. The FairTax is a fair, efficient, transparent, and intelligent solution to the frustration and inequity of our current tax system.

The FairTax:

Enables workers to keep their entire paychecks

Enables retirees to keep their entire pensions

Refunds in advance the tax on purchases of basic necessities

Allows American products to compete fairly

Brings transparency and accountability to tax policy

Ensures Social Security and Medicare funding

Closes all loopholes and brings fairness to taxation

Abolishes the IRS

Lets face it, we all know these systems are not sustainable as they are now funded. Congress has ruined the systems by using them as a slush fund. You don't see thier retirements being used this way. We need to keep the guarantee to those who are on and paying into the systems. We cannot continue to increase the burden on those paying in. It needs to be frozen say at it's present rate. As the money runs out it needs to be supplemented by the general tax revenues, since congress has made it a welfare system for many. It would then be funded as other government programs.